IDEAS home Printed from https://ideas.repec.org/a/ags/jasfmr/197150.html
   My bibliography  Save this article

Characteristics That Help a Farm Achieve Long-Term Viability

Author

Listed:
  • Ibendahl, Gregg
  • Langemeier, Michael R.

Abstract

Agriculture has seen several periods of both high and low farmer profitability. This has resulted in at least some farmers leaving agriculture because of financial difficulty. Other farmers, however, have managed to survive the bust periods of agriculture and are still farming today. This paper uses a 40-year dataset of farm financial data from the Kansas Farm Management Association (KFMA) to compare those farms that have been in the program the entire 40-year timeframe to the remaining farms in the dataset to determine if those long-term farms have any different financial characteristics that have helped them survive long-term. Results indicate that the long-term farms have put more of their profits back into the farm resulting in higher levels of equity and lower levels of debt.

Suggested Citation

  • Ibendahl, Gregg & Langemeier, Michael R., 2014. "Characteristics That Help a Farm Achieve Long-Term Viability," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2014, pages 1-11.
  • Handle: RePEc:ags:jasfmr:197150
    DOI: 10.22004/ag.econ.197150
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/197150/files/414-Ibendahl_reduced.pdf
    Download Restriction: no

    File URL: https://libkey.io/10.22004/ag.econ.197150?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Michael D. Boehlje & Brent A. Gloy & Jason R. Henderson, 2013. "U.S. Farm Prosperity: The New Normal or Reversion to the Mean," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 95(2), pages 310-317.
    2. Stephan J. Goetz & David L. Debertin, 2001. "Why Farmers Quit: A County-Level Analysis," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 83(4), pages 1010-1023.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Paudel, Krishna P. & Wang, Yiqian, 2002. "Part Time Farming, Farm Productivity, And Farm Income: Evidence From The Southeast Us," 2002 Annual meeting, July 28-31, Long Beach, CA 19594, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Garrone, Maria & Emmers, Dorien & Olper, Alessandro & Swinnen, Johan, 2019. "Jobs and agricultural policy: Impact of the common agricultural policy on EU agricultural employment," Food Policy, Elsevier, vol. 87(C), pages 1-1.
    3. Raimondi, Valentina & Curzi, Daniele & Bertoni, Danilo & Olper, Alessandro, 2013. "Off-farm Labour Decision of Italian Farm Operators," Factor Markets Working Papers 173, Centre for European Policy Studies.
    4. Berna Türkekul & Canan Fisun Abay, 2024. "Understanding Why Farmers Leave: Validating Key Indicators for Farm Exit in İzmir, Türkiye," Sustainability, MDPI, vol. 16(14), pages 1-20, July.
    5. Marie Dervillé & Gilles Allaire & Élise Maigné & Éric Cahuzac, 2017. "Internal and contextual drivers of dairy restructuring: evidence from French mountainous areas and post†quota prospects," Agricultural Economics, International Association of Agricultural Economists, vol. 48(1), pages 91-103, January.
    6. Burns, Christopher & Prager, Daniel, "undated". "Do Direct Payments and Crop Insurance Influence Commercial Farm Survival and Decisions to Expand?," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 235693, Agricultural and Applied Economics Association.
    7. Lambert, David K., 2012. "U.S. Net Farm Income, 1913-2012," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 124506, Agricultural and Applied Economics Association.
    8. Roeder, Norbert & Kilian, Stefan, 2009. "Regional differences in the determinants for structural change in German agriculture," 2009 Conference, August 16-22, 2009, Beijing, China 51463, International Association of Agricultural Economists.
    9. Blank, Steven C., 2002. "Future Prospects For Farm Financial Conditions," Agricultural Outlook Forum 2002 33502, United States Department of Agriculture, Agricultural Outlook Forum.
    10. Donghui Song & Fengbo Chen & Xi Ouyang, 2024. "The Impact of Changes in Rural Family Structure on Agricultural Productivity and Efficiency: Evidence from Rice Farmers in China," Sustainability, MDPI, vol. 16(10), pages 1-20, May.
    11. Roesch, Andreas & Zimmermann, Albert & Ferjani, Ali, 2013. "PR - Determining Factors Of Structural Change In Agriculture In Switzerland," 19th Congress, Warsaw, Poland, 2013 345692, International Farm Management Association.
    12. Silke Huettel & Anne Margarian, 2009. "Structural change in the West German agricultural sector," Agricultural Economics, International Association of Agricultural Economists, vol. 40(s1), pages 759-772, November.
    13. Sebastian Neuenfeldt & Alexander Gocht & Thomas Heckelei & Klaus Mittenzwei & Pavel Ciaian, 2021. "Using Aggregated Farm Location Information to Predict Regional Structural Change of Farm Specialisation, Size and Exit/Entry in Norway Agriculture," Agriculture, MDPI, vol. 11(7), pages 1-22, July.
    14. Veronika Asamer & Michael Braito & Klara Breitwieser & Barbara Enengel & Rainer Silber & Hans Karl Wytrzens, 2009. "Abschätzung der Wahrscheinlichkeit einer Bewirtschaftungsaufgabe landwirtschaftlicher Parzellen mittels GIS-gestützter Modellierung (PROBAT)," Working Papers 422009, University of Natural Resources and Life Sciences, Vienna, Department of Economics and Social Sciences, Institute for Sustainable Economic Development.
    15. Na Li & Richard J. Vyn & Ken McEwan, 2016. "To Invest or Sell? The Impacts of Ontario’s Greenbelt on Farm Exit and Investment Decisions," Applied Economic Perspectives and Policy, Agricultural and Applied Economics Association, vol. 38(3), pages 389-412.
    16. Alessandro Corsi & Vito Frontuto & Silvia Novelli, 2021. "What Drives Farm Structural Change? An Analysis of Economic, Demographic and Succession Factors," Agriculture, MDPI, vol. 11(5), pages 1-24, May.
    17. Bouchakour, Radhia & Saad, Mohammed, 2020. "Farm and farmer characteristics and off-farm work: evidence from Algeria," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 64(2), April.
    18. Jin‐Tao Zhan & Yan‐Rui Wu & Xiao‐Hui Zhang & Zhang‐Yue Zhou, 2012. "Why do farmers quit from grain production in China? Causes and implications," China Agricultural Economic Review, Emerald Group Publishing Limited, vol. 4(3), pages 342-362, August.
    19. repec:rre:publsh:v:37:y:2007:i:2:p:146-68 is not listed on IDEAS
    20. Tayebi, Zahra & Onel, Gulcan, 2017. "Revisiting the Neoclassical Model of Out-farm Migration: Evidence from Nonlinear Panel Time Series Data," 2017 Annual Meeting, July 30-August 1, Chicago, Illinois 259131, Agricultural and Applied Economics Association.
    21. Hugo Storm & Klaus Mittenzwei & Thomas Heckelei, 2015. "Direct Payments, Spatial Competition, and Farm Survival in Norway," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 97(4), pages 1192-1205.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:jasfmr:197150. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/asfmrea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.